KAREL TECHNICS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KAREL TECHNICS
Largest movements
- Tangible fixed assets +€30,249
up €30,249 (+105.5%), from €28,679 to €58,928
of which Furniture and vehicles: +€28,710
- Receivables within one year +€26,118
up €26,118 (+38.9%), from €67,090 to €93,209
of which Trade receivables: +€18,045
- Cash +€25,392
up €25,392 (+23.6%), from €107,372 to €132,764
mainly Net result for the year (+€60,888) and Debts after one year (+€19,137)
- Reserves +€60,888
up €60,888 (+61.7%), from €98,627 to €159,515
of which Distributable reserves: +€159,515
- Debts after one year +€19,137
up €19,137 (+118.1%), from €16,199 to €35,336
- Trade debts -€14,109
down €14,109 (-73.3%), from €19,258 to €5,150
- Other debts +€8,740
up €8,740 (+97.0%), from €9,008 to €17,747
- Current portion of long-term debt +€6,745
up €6,745 (+89.3%), from €7,553 to €14,298
- Gross operating margin +€12,610
up €12,610 (+15.5%), from €81,385 to €93,996
- Taxes -€5,989
down €5,989 (-26.1%), from €22,968 to €16,979
- Depreciation +€5,664
up €5,664 (+73.6%), from €7,693 to €13,357
- Financial charges +€1,060
up €1,060 (+84.9%), from €1,249 to €2,309
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,141 | €286,056 | +€82,915 | +40.8% |
| Fixed assets | 21/28 | €28,679 | €58,928 | +€30,249 | +105.5% |
| Tangible fixed assets | 22/27 | €28,679 | €58,928 | +€30,249 | +105.5% |
| Plant, machinery and equipment | 23 | €1,940 | €3,479 | +€1,539 | +79.3% |
| Furniture and vehicles | 24 | €26,739 | €55,449 | +€28,710 | +107.4% |
| Current assets | 29/58 | €174,462 | €227,128 | +€52,666 | +30.2% |
| Amounts receivable within one year | 40/41 | €67,090 | €93,209 | +€26,118 | +38.9% |
| Trade receivables | 40 | €52,414 | €70,459 | +€18,045 | +34.4% |
| Other amounts receivable | 41 | €14,677 | €22,750 | +€8,073 | +55.0% |
| Cash at bank and in hand | 54/58 | €107,372 | €132,764 | +€25,392 | +23.6% |
| Deferred charges and accrued income | 490/1 | - | €1,155 | +€1,155 | |
| Total equity and liabilities | 10/49 | €203,141 | €286,056 | +€82,915 | +40.8% |
| Equity | 10/15 | €103,655 | €164,543 | +€60,888 | +58.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €98,627 | €159,515 | +€60,888 | +61.7% |
| Non-distributable reserves | 130/1 | €98,627 | - | -€98,627 | |
| Other | 1319 | €98,627 | - | -€98,627 | |
| Distributable reserves | 133 | - | €159,515 | +€159,515 | |
| Profit (loss) carried forward | 14 | €28 | €28 | = | 0.0% |
| Amounts payable | 17/49 | €99,486 | €121,513 | +€22,027 | +22.1% |
| Amounts payable after more than one year | 17 | €16,199 | €35,336 | +€19,137 | +118.1% |
| Financial debts | 170/4 | €16,199 | €35,336 | +€19,137 | +118.1% |
| Amounts payable within one year | 42/48 | €83,287 | €84,111 | +€824 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €7,553 | €14,298 | +€6,745 | +89.3% |
| Trade debts | 44 | €19,258 | €5,150 | -€14,109 | -73.3% |
| Suppliers | 440/4 | €19,258 | €5,150 | -€14,109 | -73.3% |
| Taxes, remuneration and social security | 45 | €47,468 | €46,916 | -€552 | -1.2% |
| Taxes | 450/3 | €47,468 | €46,916 | -€552 | -1.2% |
| Other amounts payable | 47/48 | €9,008 | €17,747 | +€8,740 | +97.0% |
| Accrued charges and deferred income | 492/3 | - | €2,066 | +€2,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,693 | €13,357 | +€5,664 | +73.6% |
| Other operating charges | 640/8 | €447 | €462 | +€15 | +3.4% |
| Gross operating margin | 9900 | €81,385 | €93,996 | +€12,610 | +15.5% |
| Operating profit (loss) | 9901 | €73,245 | €80,176 | +€6,931 | +9.5% |
| Financial charges | 65/66B | €1,249 | €2,309 | +€1,060 | +84.9% |
| Recurring financial charges | 65 | €1,249 | €2,309 | +€1,060 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | €71,997 | €77,867 | +€5,870 | +8.2% |
| Income taxes | 67/77 | €22,968 | €16,979 | -€5,989 | -26.1% |
| Profit (loss) for the period | 9904 | €49,028 | €60,888 | +€11,860 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,028 | €60,888 | +€11,860 | +24.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.